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When an entity's exports are worth more than imports, it is said to have a trade surplus. When more is imported than exported, it is called a trade deficit.

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Q: What is it called when your exports are worth more than your imports?
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What do you call a situation that exists when a nations imports are worth more that its exports?

This is called a trade defecit.


What is the difference in value between what a nation imports and what it exports?

The difference in value between what a nation imports and what it exports is called the trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit. A balanced trade is when a country's imports and exports are equal.


What does it mean to an economy if exports exceed imports?

exports more than it imports


When a country imports more than it exports us called what?

That is called a trade deficit.


Spending more money on imports then earning on exports is called what?

Trade surplus


How much Pakistan export and imports?

imports more that it exports


What is the difference in value between what a nation imports and what it exports over time?

The the difference in value between what a nation imports and exports over time is called the trade balance. If a nation exports more than it imports, it has a trade surplus. If a nation imports more than it exports, it has a trade deficit. This trade balance can impact a nation's currency value and overall economic health.


What is the term used by economist to describe where a nation exports more than it imports?

The country's net exports are positive(net exports being exports minus imports)


Mexico imports more than exports?

Yes, Mexico has a trade deficit of about USD$17.3 billion. For 2008, Mexico exports were worth $291.3 billion, while imports summed up some $308.6 billion.


What is it called when a country imports more than it exports?

it is call a defict..... I think


What happens to the price of exports and imports if the rand is weak against other currencies?

the imports will cost more were as you will get paid less for the exports.


Would a nation rather have more imports or more exports?

export